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01-06-2016, 02:38 PM #6
- Join Date
- Nov 2014
- Posts
- 438
LoanMe's minimum number of deposits is one(1).
Because we offer MONTHLY repayments on our term loans; when it comes to the business bank statements we simply look at gross business deposits (Volume) on the last 2 months statements. Daily/weekly repayment products have the need to look at number of deposits because of the frequency in which they pull their payments. LoanMe also does not look at the other typical MCA UW criteria's the same way.
Things like:
1.) Number of negative days
2.) Ending daily balance
3.) NSF's
4.) And of course # of deposits
Please contact us for more information to see if we can help your client.LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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